Treasury Manager job at ASA Microfinance Uganda Ltd | Apply Now

Treasury

Sourcing for Funding.

• Support and manage local financing activities, including loan facilities, credit lines, and operational funding requirements.

• Prepare and submit required documentation for financing negotiations, regulatory compliance, and reporting obligations.

• Ensure full compliance with local financial laws, tax regulations, and internal audit requirements.

• Deposit mobilization and management

Cash Management

• Funding plan preparation, updates and analysis of funding prices to obtain optimal pricing

• Daily Cashflow monitoring by maintaining a balance between liability settlement and collections.

• Investment of idle cash more while ensuring expected level of liquidity is maintained

Manage Bank and Partner Relationships

• Act as the Primary Focal Points for all Banks

• Ensure that the Company Facilities with the Banks and partners are properly maintained and documented

• Negotiate and implement favorable terms on the funding Facilities and as may be required by Local or Group treasury Management

• Ensure that the Company interest is safeguarded from exposure, including but not limited to fraud and misappropriation

• Maintain the Signatory Lists as per the Group Policy both internally and with the Banks.

• Monitor Interest Rates movements and ensure fair pricing to the Company.

• Scan the market and propose new Banking and Partner Relationships that may be worth to the Company.

Banking Transactions and Balances

• Ensure that all transactions in the Banks are timely, correct and as approved.

• Ensure timely and correct capture of Banking Transactions in AMBS

• Monitor Bank Balances to ensure optimum interest exposure

• Monitor Bank Balances to ensure funds are available to meet the Company’s requirements

• Calculate, verify and challenge Interest Costs charged by the partners and ensure correct booking in the System

• Ensure that all Banking Platforms are safe and operational

Exchange Rate Management

• Monitor Exchange Rates movement and keep Management informed of changes

• Follow on impact of Exchange Rates movements, advise Management of Hedging Requirement as per Group Policy and apply hedging where required and agreed

• Implement back-to-back financing for foreign denominated loans where applicable.

• Negotiate with Bank for appropriate rates for Foreign Exchange Transactions (Spot and/or forward)

• Implement transactions (spot and/or forward) to ensure that Company requirement in terms of foreign currency is met at the lowest costs.

Mobile Financial Services

• Ensure all Mobile Financial Services transactions are reconciled and allocated to respective third parties.

• Ensure revenue assurance and recognition is completed for all

Treasury Reporting

• Responsible for disseminating Treasury Reporting both internally to Group and to external debt partners

• Ensure that verified and approved Management Information, debt covenants and any other such requirement are shared with the funding partners

• Report and attend the monthly Treasury call with the Group Treasury Team

• Prepare quarterly cashflow forecasts and share with Group Treasury within the specified timelines.

• Ensure that all Key Performance Indicators for Treasury are within acceptable range.

Credit Management and Cash Collection

Third party collection agencies and legal action:

• Use of Collection Agency debt > 90 days overdue

Provisions, write-offs and recoveries: Recommend:

• Provision for bad and doubtful debts according to Group policy (ECL workings)

• Recoveries adjustments

• Bad Debt Write-offs

Risk Management

• Preparation of Asset and liability reports to be presented at the Risk committee meeting

• Monitor interest rate, credit and liquidity risks, report on gaps and recommend actions to remedy the gaps